About us

We invest in resilient businesses that combine strong downside protection with exciting growth prospects. Our controlling stakes allow us to drive value creation strategies. We have repeatedly sold these stakes above holding value, delivering superior returns to shareholders. 

What we do

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Our business model

Find out what enables us to create value and the characteristics we look for in new investments.

Our business model

3In Home Banner Innovation Norway

Building long-term value through essential infrastructure 

CFO James Dawes speaks to ADVFN about how we identify attractive infrastructure businesses and grow them through active management.

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Company summary 

(as at 31 March 2026)
£ 3.7 ; bn

Portfolio value

11 ;

Assets

14.3 ; p

Target dividend per share for FY27

8.5 ; %

Total return on opening NAV

£ 208 ; m

Total income and non-income cash